CBE to launch $900m T-bill auction
The Central Bank of Egypt (CBE) will conduct a $900m local treasury bill auction tomorrow, Monday. These US dollar-denominated T-bills will mature on 2 December 2025. The proceeds from this…
PM Madbouly explores airport management partnership with Egyptian-French consortium
Egyptian Prime Minister Mostafa Madbouly convened a meeting on Sunday at the government headquarters in the New Administrative Capital to discuss a proposal by an Egyptian-French consortium for managing and…
Israeli occupation escalates attacks on Gaza civilians, violates Lebanon ceasefire
As the war on Gaza extends into its 422nd day, the Israeli occupation government continues to resist efforts to reach a resolution, including a prisoner exchange deal. Meanwhile, ongoing genocidal…
Egypt, Mali boost ties, pledge cooperation on security, development
Egypt and Mali have pledged to strengthen their bilateral relations, focusing on cooperation in security, development, and trade, following a meeting Sunday between their foreign ministers in Cairo. Egyptian Foreign…
Madinet Masr, ASEC Automation launch EGP 580m development plan
Egypt’s real estate developer Madinet Masr signed a Memorandum of Understanding (MoU) with ASEC Automation, a subsidiary of Qalaa Holdings to construct the second phase of infrastructure and road networks…
PM Madbouly reviews provisions for settling pharmaceutical, medical supply dues
Egypt’s Prime Minister Mostafa Madbouly held a meeting Sunday to follow up on the financial requirements for the Unified Procurement Authority to settle the outstanding dues of pharmaceutical and medical…
Banque du Caire reports EGP 8.6bn net profit in 9M 2024
Banque du Caire achieved net profits of EGP 8.6bn in September 2024, representing a 90% growth compared to September 2023. Operating income exceeded EGP 25bn. This strong performance was driven…
Industry Ministry offers 2,612 industrial land plots across 24 governorates
Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, Kamel Al-Wazir, has announced the launch of the eighth phase of industrial land offerings by the Ministry of Industry,…
GF Piping Systems opens MDPE pipe manufacturing plant in Cairo
GF Piping Systems, a division of Georg Fischer AG and a leading global provider of piping solutions, has officially opened a new manufacturing facility in Cairo, Egypt. The plant, developed…
Financial regulation backs entrepreneurship, says Egypt’s FRA Chairperson
The Financial Regulatory Authority (FRA) is actively supporting entrepreneurship in Egypt through regulatory changes designed to foster growth in the non-banking financial sector, Chairperson Mohamed Farid announced at an event…
